帝奥微创新驱动研发费率32.6% 拟重组荣湃半导体整合技术资源

Core Viewpoint - Domestic analog chip manufacturers are entering an accelerated phase of mergers and acquisitions, with DiAo Micro proposing to acquire 100% equity of Rongpai Semiconductor to enhance product variety and market competitiveness [2][3][4] Group 1: Acquisition Details - DiAo Micro plans to acquire Rongpai Semiconductor through a combination of share issuance and cash payment, while also raising supporting funds from specific investors [3][4] - The acquisition aims to quickly expand DiAo Micro's product categories and integrate R&D and technical resources [2][5] - The transaction price is yet to be determined as the auditing and evaluation of the target assets are still ongoing [4][9] Group 2: Financial Performance - Rongpai Semiconductor has reported revenues of 61.10 million yuan, 99.08 million yuan, and 51.99 million yuan for the years 2023 to the first half of 2025, with net losses of 66.32 million yuan, 29.90 million yuan, and 8.23 million yuan respectively [8][9] - DiAo Micro's revenue for the first half of 2025 was 306 million yuan, a year-on-year increase of 15.11%, but it reported a net loss of 4.21 million yuan, a decline of 115.73% [9][10] Group 3: R&D Investment - Both companies are experiencing losses due to high R&D investments, with DiAo Micro's R&D expenses reaching 99.92 million yuan in the first half of 2025, a 25.29% increase year-on-year [9][10] - DiAo Micro's R&D expense ratio was 32.64%, up by 2.65 percentage points year-on-year, indicating a strong commitment to long-term technological reserves and product innovation [9][10] Group 4: Market Position and Technology - Rongpai Semiconductor is recognized for its innovative iDivider technology and has obtained 76 intellectual property project authorizations, including 34 invention patents [7][8] - DiAo Micro has accumulated 287 intellectual property project authorizations, with a focus on signal chain and power management analog chips, enhancing its competitive edge in the market [8][9]